Forecast: Employment in Tour Operator Activities Sector in Austria

Employment in the Tour Operator Activities sector in Austria has exhibited a downward trend from 2013, with some intermittent recovery in certain years. As of 2023, employment stood at 0.95k FTE, reflecting a marginal 2.04% increase from the previous year. The sector has faced fluctuations, prominently declining in 2020 by 12.42% due to the COVID-19 pandemic's impact. However, it showed a recovery phase in the subsequent years with a CAGR of 0.19% from 2018 to 2023.

Forecasts suggest a slightly declining trend from 2023 to 2028, with an expected 5-year CAGR of -0.43%. By 2028, employment is anticipated to drop to 0.925k FTE, indicating a modest yet consistent reduction in job opportunities in the sector.

Future Trends to Watch For:

  • Impact of digital transformation and automation on employment in tour operations.
  • Recovery trajectories following the COVID-19 pandemic and its long-term effects.
  • Trends in domestic versus international tourism and their influence on employment.
  • Government policies and incentives aimed at boosting the tourism sector.
  • Consumer preferences shifts towards eco-friendly and sustainable tourism.

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